MEMORANDUM To: Mayor and City Council From: Chris Pike, Finance - PDF document

MEMORANDUM To: Mayor and City Council From: Chris Pike, Finance Director Date: June 11, 2015 Subject: YTD Financial Report for April 30, 2015 Following are the financial highlights for through April 30, 2015. A few unexpected numbers are showing up in the revenues this month; some positive and others negative. First the positive: overall revenues are above budget led by building permits with the State Farm project. Hotel taxes are also very strong this year. The City had its best collection ever in both categories with $240,000 coming in for hotel taxes during March. On the negative side, occupation taxes (aka business licenses) are about $77,000 off last year’s pace, and it appears this line item will fall short of budget by the end of the year. Also, with the tax digest in hand, I do not anticipate receiving the 5% increase budgeted for this line item. The digest rose just slightly. Expenses are as expected. The budget overage in Community Development is due entirely to the increased building permit revenues. In the summer, a budget amendment will be presented to capture this as well as other adjustments that are needed for the current year. Details of the prior year and current year adjustments will be presented later with the proposed amendment. As Finance Director, I have reviewed this report. I am not aware of any material untrue statements or material omission; nor do I consider anything misleading. The financial statements and related information fairly present the financial condition and the results in all material respects. Management is responsible for internal controls and periodically evaluates these internal controls. No deficiencies in internal controls were discovered.

City of Dunwoody YTD Statement of Revenues and Expenses Through April 30, 2015 Total Annual Revenues & Resources Budget YTD Budget YTD Actual YTD Variance Prior YTD Actual Flux (% of YTD (Diff from Prior ($ '000) Budget) Year) Taxes 17,635,000 3,650,000 3,659,751 10 100% 3,867,095 (207,344) Licenses & Permits 1,440,000 338,333 2,748,916 2,411 812% 517,923 2,230,992 Intergovernmental Revenues - - - - 3,000 (3,000) Other Charges for Services 408,000 20,333 50,127 30 247% 42,884 7,243 Fines & Forfeitures 1,500,000 480,000 493,082 13 103% 487,102 5,980 Investment Income 20,000 6,667 1,960 (5) 29% 2,422 (461) Contributions & Donations from Private Sources 5,000 250 300 0 120% 620 (320) Miscellaneous Revenue 213,000 71,000 76,659 6 108% 47,449 29,210 Other Financing Sources 1,150,000 250,000 200,000 (50) 80% 250,000 (50,000) Use of Prior Year Reserves 1,070,099 1,070,099 1,220,099 150 114% - 1,220,099 Total Revenues & Resources 23,441,099 5,886,682 8,450,894 2,564 144% 5,218,495 3,232,399 Use of Prior Year Reserves Revenues Summary Other Financing Sources Miscellaneous Revenue Contributions & Donations from Private Sources Investment Income 10 Fines & Forfeitures $ Millions Other Charges for Services 5 Intergovernmental Revenues Licenses & Permits ‐ Taxes YTD Actual Prior YTD Actual Total Annual Expenditures Budget YTD Budget YTD Actual Variance Prior YTD Actual Flux (% of YTD (Diff from Prior ($ '000) Budget) Year) City Council 237,316 86,928 70,157 17 81% 68,694 (1,463) City Manager 367,566 122,096 78,265 44 64% 109,236 30,971 City Clerk 240,778 93,143 76,815 16 82% 63,241 (13,573) Legal 385,000 168,333 115,965 52 69% 154,189 38,224 Finance and Administration 2,939,336 999,346 894,305 105 89% 867,190 (27,116) Information Technology 858,073 290,223 256,461 34 88% 252,652 (3,809) Marketing 490,294 163,431 137,730 26 84% 166,328 28,598 Municipal Court 604,022 200,350 131,276 69 66% 121,973 (9,303) Police 7,398,866 2,517,252 2,219,918 297 88% 1,971,121 (248,796) E-911 73,300 24,433 32,475 (8) 133% - (32,475) Public Works 3,281,439 997,751 826,813 171 83% 1,749,383 922,570 Parks & Recreation 1,612,167 641,272 627,067 14 98% 680,599 53,532 Community Development 2,657,144 886,948 1,897,860 (1,011) 214% 748,143 (1,149,717) Economic Development 1,448,968 482,989 465,177 18 96% 95,171 (370,006) Contingency 400,000 133,333 - 133 0% - - Total Expenditures 22,994,269 7,807,828 7,830,285 (22) 100% 7,047,921 (782,364) Expenditure Summary YTD Actual Community Development , 24% City Council , 1% City Manager , 1% Parks & Recreation , 8% City Clerk , 1% Economic Development , 6% Legal , 2% Other, 12% Information Technology , 3% Public Works , 11% Marketing , 2% Finance and Administration , 11% Police , 28% Contingency , 0% E ‐ 911 , 0% Municipal Court , 2% Total Revenues over/(under) Expenditures 446,830 (1,921,146) 620,609 2,541,756 (1,829,425) 2,450,035 1